By Mayank Bhardwaj NEW DELHI (Reuters) -India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers struggling with debt and higher costs boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season crop. Last year New Delhi set a floor …
India removes floor price for basmati rice exports to claw back global share Read More »
BENGALURU (Reuters) -India’s market regulator on Friday dismissed charges of market violations against the National Stock Exchange of India (NSE) and seven others in a 2019 case, bringing the country’s largest stock exchange one step closer to its public listing. The NSE was accused of collusion and market violations in connection with its co-location facility, …
India market regulator dismisses charges against NSE in 2019 co-location case Read More »
NEW DELHI (Reuters) – India has lowered the limit of wheat stocks that traders and millers can hold, the government said on Friday, to help boost the grain’s availability and moderate prices. Traders can now hold only 2,000 metric tons of wheat against 3,000 metric tons earlier, the statement said. The government has also tightened …
MUMBAI (Reuters) – India’s foreign exchange reserves extended their winning run for a fourth straight week to hit a record high of $689.24 billion as of Sept. 6, data from the central bank showed on Friday. The reserves rose by $5.3 billion in the reporting week, after having risen by a total of $13.9 billion …
India’s foreign exchange reserves hit fresh high Read More »
Sept 13 (Reuters) – The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Sept. 6, according to the Reserve Bank of India’s weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had …
Indian govt had no outstanding loans from RBI in Sept 6 week Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares ended flat on Friday, after hitting all-time highs in the previous session, and logged their best week since the end of June ahead of a likely rate cut by the Federal Reserve. The Nifty 50 closed 0.13% lower at 25,356.5, while the Sensex shed 0.09% to 82,890.94. Both …
Indian shares pause near lifetime highs, log weekly gains ahead of likely Fed rate cut Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the U.S. dollar as the odds of a outsized Federal Reserve rate cut next week rose after media reports said the decision is likely to be a close call. The rupee closed at 83.8875 against …
Rupee ends higher, logs strongest weekly rise since late June Read More »
By Aditya Kalra NEW DELHI (Reuters) – A lawmaker of India’s ruling party and a key retailers’ group urged the government on Friday to suspend the operations of Amazon and Walmart’s Flipkart in light of antitrust breaches. Indian antitrust investigation reports, which are not public, have found Amazon and Flipkart violated local competition laws by …
BENGALURU (Reuters) – Indian specialty chemicals maker Sadhana Nitro Chem Specialty said three contract workers lost their lives after fire broke out in the company’s plant in Roha, a town in western state of Maharashtra. Three other contract workers sustained minor injuries and are receiving medical treatment, the company said. The company said it expects …
Three people killed in fire at India’s Sadhana Nitro Chem Specialty’s plant Read More »
(Reuters) -India’s August retail inflation was slightly higher than economists’ expectations on the back of a sharp rise in vegetable prices, according to government data released on Thursday. Annual retail inflation was 3.65% in August, compared with a revised 3.60% in July. Economists polled by Reuters had forecast August inflation at 3.5%. COMMENTARY ADITI NAYAR, …
India’s August retail inflation above economists’ expectations at 3.65% y/y Read More »
